Macrologic unable to post forecasted net profits
"Our minimum plan for the current year envisages earnings of roughly zł.5 million. We believe, however, that it will be substantially higher," said Patrycja Ptaszek-Strączyńska, member of Macrologic's management board.
The reason to change plans is the Q3 results, which saw a net profit of zł.1.05 million on sales of zł.11.5 million. "In H1 we had to substantially increase staff wages. We have not yet managed to compensate these changes with higher rates for services provided to clients. [...] The holiday quarter was very poor this year and substantial share of orders were moved to the last quarter," said Patrycja Ptaszek-Strączyńska.
She went on to say that neither the firm nor its clients feel the macroeconomic deterioration and thus the firm should grow by a dozen percent in terms of revenues in 2009.
Source: Parkiet (M.M.)
The reason to change plans is the Q3 results, which saw a net profit of zł.1.05 million on sales of zł.11.5 million. "In H1 we had to substantially increase staff wages. We have not yet managed to compensate these changes with higher rates for services provided to clients. [...] The holiday quarter was very poor this year and substantial share of orders were moved to the last quarter," said Patrycja Ptaszek-Strączyńska.
She went on to say that neither the firm nor its clients feel the macroeconomic deterioration and thus the firm should grow by a dozen percent in terms of revenues in 2009.
Source: Parkiet (M.M.)
